- AngloGold Ashanti
AngloGold Ashanti Limited (nyse|AU) is a global
gold mining company with mines on four continents. It was formed in 2004 by the merger ofAngloGold and theAshanti Goldfields Corporation .AngloGold Ashanti Limited is now a global gold producer with 21 operations on four continents. The company is listed on the New York, Johannesburg, Ghanaian, London and Australian stock exchanges, as well as the Paris and Brussels bourses.
Criticism
It has recently drawn unfavorable comment from
Human Rights Watch for its handling of its exploration operation in theDemocratic Republic of Congo . The company has admitted paying extortion money toNationalist and Integrationist Front in exchange for access to gold mines in theIturi province of the DRC (AngloGold 2005). AngloGold Ashanti responded to the allegations in Human Rights Watch's report with a statement released in 2005.In August 2007 British charity
War on Want published a report accusing AngloGold Ashanti's parent company Anglo American of profiting from the abuse of people in the developing countries in which the company operates. [http://www.waronwant.org/?lid=14777 Anglo American: The Alternative Report] ] The report highlights abuses committed by AngloGold Ashanti subsidiaries inColombia ,Ghana andMali Future Outlook
AngloGold's reduced hedge book to support future performance [ [http://www.iirgroup.com/researchoracle/show/issue/583 AngloGold's reduced hedge book to support future performance] ]
References
* [http://www.anglogold.com/Additional/Press/2005/Human+Rights+Watch+Report+on+AngloGold+Ashanti%E2%80%99s+Activities+in+the+DRC.htm AngloGold's response to Human Rights Watch allegations (pdf)] , 2005.
* [http://www.hrw.org/english/docs/2005/06/02/congo11041.htm D.R. Congo: Gold Fuels Massive Human Rights Atrocities] - Human Rights Watch article]
* [http://www.waronwant.org/?lid=14777 Anglo American: The Alternative Report]ee also
*
Sam E. Jonah ACSM, former president of AngloGold Ashanti.
*Gold as an investment External links
* [http://www.anglogold.com/ AngloGold Ashanti Homepage]
* [http://www.corpwatch.org/article.php?id=15118 A Glittering Demon: Mining, Poverty and Politics in the Democratic Republic of Congo]
* [http://www.iirgroup.com/researchoracle/show/issue/583 IIR Research on AngloGold Ashanti]
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